General American Investors Co. (GAM) Given Daily News Impact Rating of 0.05

Media stories about General American Investors Co. (NYSE:GAM) have been trending somewhat positive recently, according to AlphaOne Sentiment Analysis. The research firm, a subsidiary of Accern, ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. General American Investors Co. earned a daily sentiment score of 0.05 on AlphaOne’s scale. AlphaOne also assigned news stories about the investment management company an impact score of 76 out of 100, meaning that recent news coverage is likely to have an impact on the company’s share price in the immediate future.

General American Investors Co. (NYSE:GAM) traded down 0.1915% on Friday, reaching $33.5057. 11,837 shares of the company’s stock traded hands. The stock has a market cap of $912.06 million, a price-to-earnings ratio of 12.4742 and a beta of 1.18. The company’s 50 day moving average is $33.44 and its 200-day moving average is $32.24. General American Investors Co. has a 52-week low of $28.72 and a 52-week high of $33.93.

In related news, Chairman Spencer Davidson sold 2,300 shares of the company’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $33.60, for a total transaction of $77,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Trust F. B. O. Altschul Charles U sold 2,000 shares of the company’s stock in a transaction on Thursday, April 6th. The shares were sold at an average price of $33.53, for a total transaction of $67,060.00. Following the sale, the chairman now owns 2,748 shares of the company’s stock, valued at $92,140.44. The disclosure for this sale can be found here. In the last three months, insiders sold 59,286 shares of company stock valued at $1,982,759. Corporate insiders own 6.86% of the company’s stock.

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